Population Statistic: Read. React. Repeat.
Tuesday, January 29, 2021

With a recession looming, a lot of people will be going to a lot of job interviews in the coming months. So why not monetize that experience?

That’s roughly the concept at play with NotchUp.com, a job-recruiting startup that’s facilitating company payout fees to prospective job candidates, just for showing up and interviewing.

The idea is that companies should strive to snag in-demand talent, which by their nature are hard to land:

“In every job I’ve had, I’ve had to, under time pressure, build a team of engineers. I learned years ago that the best people you want to hire are the people who aren’t in the job market,” said [co-founder Jim] Ambras, who was vice president of engineering at the search engine AltaVista.

So some enterprising serial interviewee could really make a cottage industry out of cup-of-coffee chats over where they see themselves in five years, etc.

Technically, the money’s not that easy. Participating companies — which, as hinted by the quote above, include tech-engineering hungry outfits like Google and Yahoo! — put the bid fee into escrow, and don’t authorize payment until after the interview, when they decide whether or not to take the process further (second interview, offer extension, etc.). So if someone goes into this flippantly, they’ll just wind up wasting their time (unless they get some live-interview practice out of it). Even someone who garners interest would presumably start raising red flags if s/he is tracked, via NotchUp, as continually turning down deeper interviews.

Overall, it seems like a relatively low-risk proposition for larger companies. They’d spend comparable or larger amounts in that $200-$500 per candidate range in recruiting efforts, so this serves as a reciprocal filter to hone the process early. It’s still a struggle to wrest a high-demand work talent out of their current gig, but this is another way to grease the wheel.

I do question the timing, though. Like I said, a recession seems likely, so the labor market will be flooded with candidates soon enough. Potential NotchUp.com client companies will feel less compelled to ante up meet-and-greet bonuses when they’re in a buyers’ market. In which case, NotchUp.com itself might have to start looking for interview-cash opps…

Just for fun, I plugged my particulars into the NotchUp build-your-bid calculator. My current marketing consultant gig, which I’ve been doing for two years now, yielded a suggested bid amount of $230. I think that’s on the low side, but honestly, I was expecting it to come in way less. At least I know where to login if I need an extra couple of hundred bucks.

by Costa Tsiokos, Tue 01/29/2008 11:39:03 PM
Category: Business, Creative
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